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Nov 30, 2012
11/12
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i think that the president wants to go over the fiscal cliff, he wants all of the tax rates to go up, he needs that revenue,nd more important we know he is not going to get blamed. the madial protect him -- media will protect h. the other thing, this president, for a long time has tald about a balanced approach to deficit reduction, we assumed revenue on the table and spending cuts, but only conversation we're having is tax increases, there is no conversation about spending cuts. >> in january 2010, said he wanted to tap into entitlement reform, we have to look at entitlement. neil: steve quickly, one thing you are not looking at on the timeline, you think that markets will not have a voice in what happens, i saw, always, stay tuned. >> we'll see. lou: right, steve murphy thank you. an >> thank you. lou: mont monica rowley, what e bleepp >> i know. for your comments. republicans seem to be folding like cheap suits in the fiscal negotiations it just seems that way, doesn't it it does however seem that w way. james wrote,ea
i think that the president wants to go over the fiscal cliff, he wants all of the tax rates to go up, he needs that revenue,nd more important we know he is not going to get blamed. the madial protect him -- media will protect h. the other thing, this president, for a long time has tald about a balanced approach to deficit reduction, we assumed revenue on the table and spending cuts, but only conversation we're having is tax increases, there is no conversation about spending cuts. >> in...
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Aug 24, 2012
08/12
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election uncertainty, the fiscal cliff, a low interest-rate environment. it makes sense to have high quality bond allocation. and we do expect because of the risk factors of short-term pullback. liz: go for it. what is better? >> there are a lot of stocks. verizon, at&t. the two biggest suit companies in the world into leveraging markets, in the 3% range. one stock just added they have to have that increasing dividend 10 straight years before it makes the screen. companies that believe in themselves are willing to increase the dividend. they have a long track record. they have a great example. six, seven, 8% yield. tax vantage investors that they could the tax-deferred. liz: you convinced me. it is a balanced portfolio. [laughter] nice to have you but he will join us right now the favorite moneymaker. is a chinese stock. liz: a look at the biggest winners in for the s&p. sandra smith? >> go on and nice weekend trip. coventry health this deal makes news today upcoming election had a big influence in their purchase of the company. the stock is up 20%. urban
election uncertainty, the fiscal cliff, a low interest-rate environment. it makes sense to have high quality bond allocation. and we do expect because of the risk factors of short-term pullback. liz: go for it. what is better? >> there are a lot of stocks. verizon, at&t. the two biggest suit companies in the world into leveraging markets, in the 3% range. one stock just added they have to have that increasing dividend 10 straight years before it makes the screen. companies that...
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Dec 26, 2012
12/12
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they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no dispute about it. if you want to lose 100, $200 in tax revenue you go into a recession. all the money he thinks he's going to get from rich people by hiking the tax rate will be lost, double lost by going into a recession. >> that is exactly right. that is why when britain raise the tax rate from 40 to 50%, they found they got less revenue and will be lowering their tax rates again in april because they found it didn't work, they got less revenue. david: a pleasure to see you, thank you very much for coming in. >> great to be with you. david: thank you. after suffering a major outage earlier this week, netflix is pointing the finger at amazon.com. despite being competitors when it comes to the streaming b
they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no dispute about it. if you want to lose 100, $200 in tax revenue you go into a recession. all the money he thinks he's going to get from rich people...
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what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just parks at the federal reserve. while the fed says it has an exit strategy, nobody knows at the fed no how high interest rates would have to go to prevent that from becoming the source of inflation later in this decade. that is what worries me. the fed has built up a kind of liquidity that will be very hard to control. they provide very high interest rates at a time where the unemployment rate is still high in the fed may back away from tightening fast enough to prevent an increase in inflation. lori: do you think interest rates will stay at low levels? the fact we have not had a market reaction stepping in to raise rates sharply, what do you think of that? >> the fed can keep the short rates low, but at some point, rates will have to go back to normal lev
what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just parks at the federal reserve. while the fed says it has an exit strategy, nobody knows at the fed no how high interest rates would have to go to prevent that from...
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Nov 30, 2012
11/12
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, they do not want to go off the fiscal cliff, they think they will be blamed. neil: do you get the feeling that i do, this is kabuki theater, and president with his overtured on rate level, and what they would be, now talking about some spending as part of the deal, that was all factored in. he has just been doing it in stages, we'll get a deal. do you think that is going to happen? >> i think it is a responsible approach. we have to get a dial. this is not a democrat issue or a republican issue, this is an american issue, we know we have to cut spending and we know there has to be some solution. at the end of the day we have on grow the economy. only way out of this thing. >> i think we'll get a deal, i'm not convinced to be done before christmas, i think before the super bowl. but -- >> just punt for 6 months. >> it might happen, i was curious with president and mitt romney having lunch, whether obama presented him a bill for lunch, and added a 40% gra % gra on it. neil: they had turkey chili. >> let me tell you. one thing we have to do, i work in my 7 indust
, they do not want to go off the fiscal cliff, they think they will be blamed. neil: do you get the feeling that i do, this is kabuki theater, and president with his overtured on rate level, and what they would be, now talking about some spending as part of the deal, that was all factored in. he has just been doing it in stages, we'll get a deal. do you think that is going to happen? >> i think it is a responsible approach. we have to get a dial. this is not a democrat issue or a...
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Dec 28, 2012
12/12
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cliff, but a slope. the stuff that happens here, tax rates, they occur over the rest of the year, not all at once at the beginning of the year so we want to be defensive in the allocation. look for things that provide a steady consistent dividend. companies with steady growth in the payout, it's a great substitution for income into portfolios, but it lowers volatility over things like technology stocks which are tied to market movements so, you know, things like coca-cola, proctor and gamble, clorox, great companies, long consistent history of dividend payouts. don't neglect corporate bonds. corporations are holing a tremendous amount of cash. they are healthy cash-wise. balance sheets are great. move down the scale, the ratings, even to the bb space, bb-plus, but look for companies that have a-rated balance sheets, lots of cash, low debt, yields are good, and they provide a steady income stream in the portfolio and balance out the rirveg if the market -- risk if the market is hit. ashley: you like the o
cliff, but a slope. the stuff that happens here, tax rates, they occur over the rest of the year, not all at once at the beginning of the year so we want to be defensive in the allocation. look for things that provide a steady consistent dividend. companies with steady growth in the payout, it's a great substitution for income into portfolios, but it lowers volatility over things like technology stocks which are tied to market movements so, you know, things like coca-cola, proctor and gamble,...
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Aug 28, 2012
08/12
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on the issue of the fiscal w cliff. whether it is sequestration it budget cuts or whether it be a u cut in the current tax rates by allowing the bush tax cuts laste >> we don't know what's going to happen. it will all be decided one way or a the other on november 6. if governor romney is elected president with the present republican house and incoming republican senate committee will extend all of the lower taxes for one year. do tax reform, top 25%, territoriality expensing, but ryan plan, reform entitlements. the ryan budget print. that's if you have the republican government. no tax increase, and serious serious spending reform. if obama is elected president, there is a 500 billion-dollar tax increase if the democrats are in charge next year or a 5 trillion over the next decade. lou: so what you are saying -- what you are saying is that senator patty murray and the democratic leadership in washington dc and this president have just handed the republican party their message and their definition and perhaps, the greate
on the issue of the fiscal w cliff. whether it is sequestration it budget cuts or whether it be a u cut in the current tax rates by allowing the bush tax cuts laste >> we don't know what's going to happen. it will all be decided one way or a the other on november 6. if governor romney is elected president with the present republican house and incoming republican senate committee will extend all of the lower taxes for one year. do tax reform, top 25%, territoriality expensing, but ryan...
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on the issue of the fiscal w cliff. whether it is sequestration it budget cuts or whether it be a u cut in the current tax rates by allowing the bush tax cuts laste >> we don't know what's going to happen. it will all be decided one way or a the other on november 6. if governor romney is elected president with the present republican house and incoming republican senate committee will extend all of the lower taxes for one year. do tax reform, top 25%, territoriality expensing, but ryan plan, reform entitlements. the ryan budget print. that's if you have the republican government. no tax increase, and serious serious spending reform. if obama is elected president, there is a 500 billion-dollar tax increase if the democrats are in charge next year or a 5 trillion over the next decade. lou: so what you are saying -- what you are saying is that senator patty murray and the democratic leadership in washington dc and this president have just handed the republican party their message and their definition and perhaps, the greate
on the issue of the fiscal w cliff. whether it is sequestration it budget cuts or whether it be a u cut in the current tax rates by allowing the bush tax cuts laste >> we don't know what's going to happen. it will all be decided one way or a the other on november 6. if governor romney is elected president with the present republican house and incoming republican senate committee will extend all of the lower taxes for one year. do tax reform, top 25%, territoriality expensing, but ryan...
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Dec 20, 2012
12/12
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. >> ratings gage fitch warning that fiscal cliff poses the single biggest near-term threat to the global economy. really? joining us now alter lapre, good to have you withs. start with these negotiation that got personal, there seems to be -- what looked like a bright possibility yesterday looks like a dark prospect tod today. >> it does, i don't know where the president is going the way he is, the worse group to raise taxes are is on the high evelyn come earnings, they are job creators, you can't laugh jobs and -- love jobs and hate job creators, i am not sure why it is not clear as a bell, these are people, you are not going to get money from anyway, if you raise rates they will go around it. boehner is doing as good a job that i can imagine, livehat interview with diane black, she world class, and let it fall on to obama's thing to veto the bill, i dare him. lou: as you dare him. and rest of us humble mortals s hope they can come to their senses and craft a deal. >> i would love that to be honest. lou: the deal takes a shape. sequestration is not even in the discussion. i frankly, as
. >> ratings gage fitch warning that fiscal cliff poses the single biggest near-term threat to the global economy. really? joining us now alter lapre, good to have you withs. start with these negotiation that got personal, there seems to be -- what looked like a bright possibility yesterday looks like a dark prospect tod today. >> it does, i don't know where the president is going the way he is, the worse group to raise taxes are is on the high evelyn come earnings, they are job...
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Nov 29, 2012
11/12
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more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world rep
more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend...
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Nov 19, 2012
11/12
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cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p data back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning pos
cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest...
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Nov 28, 2012
11/12
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more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the rit attorney to help guie you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized docunt tanswer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. why they have a raise your rate cd. toght our guest, thomas sargent. nobel laureate in economics, and one of the most cited economisists in the world. what cd rates will be in two years? no. if he can't, no one can. that's why ally has a
more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the rit attorney to help guie you along, answer any...
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Dec 27, 2012
12/12
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tracy: coming up wall street discouraged by the fiscal cliff. where the safe place to put your money? bob will weigh in next. lori: interest rates, people snapping up on less less security for their money. the ten year note is pushing down the yield to 1.70% level, after 30 years, 2.7% and down four basis points. joe woods' f. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, hll find some good people to help guide him, nde'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> i am adam shapiro. ford planning to invest $770 million on new equipment and capacity, 6 manufacturing facilities in southeast michigan, the automaker says it is part of a commitment of $6 billion in plants nationwide by 2015. nokia selling its lineup of smart phone that discounted
tracy: coming up wall street discouraged by the fiscal cliff. where the safe place to put your money? bob will weigh in next. lori: interest rates, people snapping up on less less security for their money. the ten year note is pushing down the yield to 1.70% level, after 30 years, 2.7% and down four basis points. joe woods' f. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening...
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he says he cannot guarantee we will not go over the fiscal cliff. >> no, i cannot promise that. that is a decision that lies in the hands of the republicans that are now imposing increasing tax rates. stuart: okay. if the republicans do not agree to higher taxes on the rich, it is all there fault if we go over the cliff. got that. this is what john boehner had to say. >> the day after the election, i found the results. i went to the cameras and made it clear. the republicans were willing to put revenue on the table if there were serious spending cuts and reforms put in place. we have talked about it. the president and white house have three weeks. this is the best we've got? stuart: as of this monday morning, the white house wants the republicans, forces the republicans to agree to raise taxes. the republicans thus far seem to be saying we will cut deductions, but not raise tax rates. >> what is so flabbergasting to me is that geithner, you just heard him, he basically said if the republicans do not do what we put on the table, it is fall off theefiscal cliff and it is the repub
he says he cannot guarantee we will not go over the fiscal cliff. >> no, i cannot promise that. that is a decision that lies in the hands of the republicans that are now imposing increasing tax rates. stuart: okay. if the republicans do not agree to higher taxes on the rich, it is all there fault if we go over the cliff. got that. this is what john boehner had to say. >> the day after the election, i found the results. i went to the cameras and made it clear. the republicans were...
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Dec 30, 2012
12/12
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we're talking about an 9 percent unemployment rate by the end of the year if we do nothing in the fiscal cliff cousin to affect. tom: we can litigate and go back over who caused what. but i look at congress as being responsible for all of the spending, all the rules, all the laws, all of the real estate lending, all that. there the ones to set e rules. i mean, we did this. we elected this same crowd. the senate still has harry reid, the democrat, the house has john painter, the president is still the president. why she we expect anything to change. >> i don't expect anythg to change. the reality is you have the same people. there very blunt, competent, dishonest, lying to the american public for a long time, promising things they know they cannot deliver. our children grandchildren will pay the prce. maybe sooner, but the bottom line is you are dealing with people who care about themselves to maintainng power. >> i think they care abut the 1%. they increase the taxes on those made for under thousand and above, less than 1%. and the republicans are holding the country hostage. they reject
we're talking about an 9 percent unemployment rate by the end of the year if we do nothing in the fiscal cliff cousin to affect. tom: we can litigate and go back over who caused what. but i look at congress as being responsible for all of the spending, all the rules, all the laws, all of the real estate lending, all that. there the ones to set e rules. i mean, we did this. we elected this same crowd. the senate still has harry reid, the democrat, the house has john painter, the president is...
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it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares bylackrock. call 1-800-ishes for a prosctus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforter
it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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Nov 29, 2012
11/12
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the managing partner of mortgage banking solutions joins me from austin, texas with his fiscal cliff survival tips. thank you for being with us on our series this week. you say we are thinking of buying a home right now we should do it. why? >> interest rates at the lowest, affordability index at the highest, great time to buy, people are buying and we're seeing bottom form because of investors' coming in and picking the property, that has been displaced, get in and buy now, you not see this for decades. cheryl: i will lose mortgage interest deduction, there is talk about loopholes like primary properties, and you can sell it with no taxes paid with the rollover or not and changing that as well. that is negative for housing. >> they are losing that incentive, the tax incentive in the refund each month. when that goes away there's one more incentive to let go of that house when things get tight but here is the upside and this is why i recommend people look at this. the inflation component is going to kick in, they will go back up. it is and appreciation -- cheryl: we are talking about
the managing partner of mortgage banking solutions joins me from austin, texas with his fiscal cliff survival tips. thank you for being with us on our series this week. you say we are thinking of buying a home right now we should do it. why? >> interest rates at the lowest, affordability index at the highest, great time to buy, people are buying and we're seeing bottom form because of investors' coming in and picking the property, that has been displaced, get in and buy now, you not see...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Nov 30, 2012
11/12
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. >> i would take a step further and say the fact we haven't found a plan for the so-called fiscal cliff has been the biggest issue because that more than anything, the uncertainty and the effect that is having on the economy, not necessarily willing to hire until we know what is going on. that more than anything is the thing that could affect the economy and housing. stuart: we have been saying all day that the president's plan that he stuck to the republicans yesterday as a disaster for the economy, going over the cliff is a disaster for the economy. the dow jones industrial average is up five points. there is no impact on the stock market from the disastrous proposal from the president. gerri: i was going to go back to the mortgage deduction. you do a good job breaking up the numbers and what would would mean on the bottom line but it is really about psychology in the housing market and psychology is not good. i don't care what the number the doing. stuart: any restrictions on mortgage interest deduction politicians would take and say just look what you are doing with the great middle
. >> i would take a step further and say the fact we haven't found a plan for the so-called fiscal cliff has been the biggest issue because that more than anything, the uncertainty and the effect that is having on the economy, not necessarily willing to hire until we know what is going on. that more than anything is the thing that could affect the economy and housing. stuart: we have been saying all day that the president's plan that he stuck to the republicans yesterday as a disaster for...
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Dec 19, 2012
12/12
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if he -- if we go over the fiscal cliff, it's going to be blamed on him. neil: his way of saying it's noo on me now? >> i think that's where he's going. he's going to extract what cuts he can. they are absurd. >> the president's failure to address spending cuts is a tragedy, a lack of leadership, and lack of understanding of the economy. it's nothing to do with taxes. you can raise and lower taxes, not going to impact on the deficit. actually, if you lower them intelligently, you might grow the economy and maybe grow your way out of the deficit, but the fact is we have to restrain spending, restrain spending by 10% or 15% a year, and until we do that, we're heading for a disaster. obviously, we're not going to do it. the president has no ability to control his party to do it. i don't think the president wants to do it. i mean, it's -- it's a terrible, terrible mistake that we're going to see the results of three, four, five, six years from now, and the children will pay the price for a very, very long time. it's a president with no understanding of our eco
if he -- if we go over the fiscal cliff, it's going to be blamed on him. neil: his way of saying it's noo on me now? >> i think that's where he's going. he's going to extract what cuts he can. they are absurd. >> the president's failure to address spending cuts is a tragedy, a lack of leadership, and lack of understanding of the economy. it's nothing to do with taxes. you can raise and lower taxes, not going to impact on the deficit. actually, if you lower them intelligently, you...
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Dec 20, 2012
12/12
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failure to avoid the fiscal cliff would exacerbate rather than dinish the uncertainty of the fiscal policy and to the u.s. into an unavoidable and unnecessary recession. the u.s. could lose its aaa status. this is from fitchatings. wait until you see what we are going to have to spend for our debt if we lose the aaa status. because it will cost us more to float our bonds. what is being done right now? not to escalate the war of words, but to find some common ground. >> the houses focused opassing a tax policy. senate and have them respond. what is now a look at is the sequestration pice. the president refuses to deal with the side and we have to do this. last summer we were talking about the same issues were the bomb folks were saying that if there is not real spending reductns, if we don't get a plan, the automatic spending cuts kick in. the president is asking to turn those off, that sends a signal as well that we are not serious about reducing spending. this is the absolute worst way to reduce spending. it is the only optionthatwe have. gerri: thank you for coming on the show tonight. m
failure to avoid the fiscal cliff would exacerbate rather than dinish the uncertainty of the fiscal policy and to the u.s. into an unavoidable and unnecessary recession. the u.s. could lose its aaa status. this is from fitchatings. wait until you see what we are going to have to spend for our debt if we lose the aaa status. because it will cost us more to float our bonds. what is being done right now? not to escalate the war of words, but to find some common ground. >> the houses focused...
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Sep 27, 2012
09/12
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, or i highly doubt that people are discussing oh we have to hold off because the fiscal cliff is coming at the end of the year. is it the job market? is it worries about inflation? what is it that is the central thing driving the purchase decision? >> well, i think people do sit around and see record low rates, but that's more of a help towards refinancing, all the hamp, harp, all the other programs out there. unemployment, the numbers came out, but still over 300,000 initial job claims and recession ended in june of 2009. that is still way too darn high. and so i think that's what's scaring people is the lack of economic recovery. and people like economic recovery if they are going to go out and buy the biggest asset, house, that they will ever buy in their lifetime. dagen: inventories we have heard time and again, inventories right now are becoming a problem. we talked to ron peltier of home services of america, and he says in terms of nonreal estate owned, nonforeclosure properties that it is tough finding homes at this point and could that become like a vicious vice, if you will, wh
, or i highly doubt that people are discussing oh we have to hold off because the fiscal cliff is coming at the end of the year. is it the job market? is it worries about inflation? what is it that is the central thing driving the purchase decision? >> well, i think people do sit around and see record low rates, but that's more of a help towards refinancing, all the hamp, harp, all the other programs out there. unemployment, the numbers came out, but still over 300,000 initial job claims...
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Dec 28, 2012
12/12
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cliff and the deal with some of the unemployment issues. >> now, that deal, the small deal that the congressman is talking about, speculation perhaps that includes a tax rate tax increase for families earning $500,000 a year, mid way point almost between what democrats and republicans had in the opening offer. perhaps up employment extension and other spending to get through the new year, and congress can, yes, kick the can to next year and figure it out, maybe, next year. back to you. dagen: maybe. rich, thank you so much. great to see you. bringing in former democratic senator of north dakota, in washington, d.c.. senator, great to see you. >> good to be here. dagen: this meeting posturing or progress. what say you? >> well, i mean, there needs to be a meeting and pleased the president called one. i sat in meetings like that with republican and democratic presidents at the white house at times like this, but the fact is i think all of the sides here have had a lost opportunity. implication of the cliff was to create a cliff requiring serious people talking about serious things for
cliff and the deal with some of the unemployment issues. >> now, that deal, the small deal that the congressman is talking about, speculation perhaps that includes a tax rate tax increase for families earning $500,000 a year, mid way point almost between what democrats and republicans had in the opening offer. perhaps up employment extension and other spending to get through the new year, and congress can, yes, kick the can to next year and figure it out, maybe, next year. back to you....
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Dec 17, 2012
12/12
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tracy: house speaker john boehner met with president obama for the latest round of fiscal cliff talks. the meetings, and he'll love the new proposal which cause for raising a trillion dollars of tax revenue over 10 years. increasing tax rates in families earning over $1 million for the first time republicans have offered any concession on taxes and propose cutting a trillion dollars in spending. ashley: however the white house is not accepted the latest plan the president's proposal only "balancing a fiscal plan." @o what will it take to get a deal done? we have both sides of this one. michael burgess of texas, and peter welch. congressman, thank you both for being here. let's start with congressman burgess. is this a sign that perhaps speaker boehner caving in to giving some ground talking about the tax hike of those earning a million dollars and more? are you happy with that proposal? >> no, i would not characterize it as happy. what was seen in the last couple of weeks was an absolute refusal on the part of president obama to engage on this. perhaps the good news is at least there
tracy: house speaker john boehner met with president obama for the latest round of fiscal cliff talks. the meetings, and he'll love the new proposal which cause for raising a trillion dollars of tax revenue over 10 years. increasing tax rates in families earning over $1 million for the first time republicans have offered any concession on taxes and propose cutting a trillion dollars in spending. ashley: however the white house is not accepted the latest plan the president's proposal only...
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Nov 29, 2012
11/12
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let's talk more about the fiscal cliff and your money. income tax hikes could be worse than investors realize. top tax rates going up next year for capital gains, dividend and income. in addition to the surtax to pay for the health care law, and something that we are not talking enough about. what can you do to prepare? joining us, cofounder and former partner at ernst & young. i am glad you are here because we are not talking about that amendment. let's talk big picture. you advise clients basically because you don't know what will happen, how do you do that? >> be very prepared for listening to what legislation will be coming up. for instance, one of the things we are saying is deferred deductions until next year because you get a higher tax benefit for them but get yourself positions of congress passes some sort of a cap, write up charitable contributions. transferring assets to kids, that is happening in the month of december. selling securities, selling real estate will go down to the wire because it takes a lot of people to do those
let's talk more about the fiscal cliff and your money. income tax hikes could be worse than investors realize. top tax rates going up next year for capital gains, dividend and income. in addition to the surtax to pay for the health care law, and something that we are not talking enough about. what can you do to prepare? joining us, cofounder and former partner at ernst & young. i am glad you are here because we are not talking about that amendment. let's talk big picture. you advise clients...
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Nov 30, 2012
11/12
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both sides sticking to party lines refusing to budge on the fiscal cliff. we will break through the gridlock on the last day of our special series fiscal cliff survival kits. david dietz from another taken. dennis: what your small business needs to do to prepare for falling off of the cliff. cheryl: in all of this is a silver lining especially dividend payouts and stimulus payoffs. dennis: a push to replace the paper dollar with a coin. won't believe how much money for taxpayers. cheryl: lauren simonetti in the stock exchange. >> the nasdaq anderson be a higher but not for the dow. the dow is negative but the other two are positive. the second week in a row, all three indices are down right now and near session lows, relatively flat, major declines, and major comments out of anybody in washington regarding the fiscal cliff today so we have this cautious market. let's look at the biggest loser in the s&p 500, cabarrus 9. shares are tanking 14%. they operate diaz they.com internet addresses, they renewed contract with regulators but as part of the deal they c
both sides sticking to party lines refusing to budge on the fiscal cliff. we will break through the gridlock on the last day of our special series fiscal cliff survival kits. david dietz from another taken. dennis: what your small business needs to do to prepare for falling off of the cliff. cheryl: in all of this is a silver lining especially dividend payouts and stimulus payoffs. dennis: a push to replace the paper dollar with a coin. won't believe how much money for taxpayers. cheryl: lauren...
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Dec 24, 2012
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you think we're going to go over the fiscal cliff, happen to agree with you or at least i think some people actually want that to happen but you have to advise your clients may certainly if you believe we are going up the fiscal cliff, would you tell your investment clients to do? >> currently advising them to accelerate their income right now and two for deductions based on strategies that we are having in discussions with my client and their accountant. i'm also telling them to be very defensive. our baseline scenario is we head into the new year is for slow but steady growth. coupled with low inflation and reasonable and attractive valuation of equity. lori: let me get you to respond to that outlook. they'rtheir more positive becauf the cliff. >> i think everybody seems to be mesmerized by the discussion of the fiscal cliff in th and the , check stock prices were based on earnings outlooks in the economy. lori: everybody is ignoring the fundamentals right now. when we can we get back to the fundamentals and ignore politics, if ever a time in the picture? >> maybe the super bowl ad
you think we're going to go over the fiscal cliff, happen to agree with you or at least i think some people actually want that to happen but you have to advise your clients may certainly if you believe we are going up the fiscal cliff, would you tell your investment clients to do? >> currently advising them to accelerate their income right now and two for deductions based on strategies that we are having in discussions with my client and their accountant. i'm also telling them to be very...
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Nov 13, 2012
11/12
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cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of their political posturing and make a rational deal between them. this is the worst time of year to make some sort of deal. this eleventh hour deal during a lame-duck session when a lot of members of congress have been defeated or retiring. this is what got us into this position two years ago was a lame duck deal at the same moment, the eleventh hour and it is time to put this into next year, take a deep breath and come to the negotiating table and work out a smart deal, not just a political deal. lori: kicki
cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of...
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Dec 12, 2012
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expectation of the fund rate especially if we wind up going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a job for six months or more. millions more who say they would like full-time work an have only found part-time employment or stop looking entirely. the conditions in the job market now show waste of human and economic potential. return to broad-based prosperity will require sustained improvement in the job market which in turn requires stronger economic growth. meanwhile apart from some temporary fluctuations largely reflected swings in energy prices, it is likely to run at or below the federal market committee's 2% objective in coming quarters over the longer term. against a macroeconomic backdrop includes
expectation of the fund rate especially if we wind up going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a...
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Dec 13, 2012
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liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is exactly what we see. they punch of green at the open and we were fine until he started talking with the fact we may not get a deal, there is a big impasse. >> little at the beginning i really think what is overshadowing this is the fed is saying they will stay in the game until we have a much lower unemployment rate telling me they're expecting a recession, which we're expecting anyway if we go over the cliff.% liz: where are you putting your clients money right now? the last time you were here, you are staying away from the overseas market. do you still feel that way? >> yes, very much. financials we think we'll have a good year next year. it is a good
liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is exactly what we see. they punch of green at the open...
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Oct 24, 2012
10/12
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come to agreement to avoid the fiscal cliff? what is your outlook for interest rates? >> almost everything is predicated on what transpireses on november 6th. if we're lucky enough to get, avoid the recount debacle we had back in 2000, in our view, in the view of the markets generally is, that you know, a romney victory would be a great event at least in the near term for risk assets which would be the detriment of fixed income and treasurys. money would flow out of safe haven fixed income to assets like stocks. lori: would you recommend to investors similar to bill gross and you and your advice pare back on government debt in the portfolio? >> truth be told that is exactly what is happening. you saw huge investor demand for two year notes yesterday at basically 30 cents of yield. we saw a decent auction with a near record amount of direct bidders for today's five-year auction. this two to five-year sector of treasury curve or fixed income markets generally is a lace where people like to hang out because it is sort of locked in
come to agreement to avoid the fiscal cliff? what is your outlook for interest rates? >> almost everything is predicated on what transpireses on november 6th. if we're lucky enough to get, avoid the recount debacle we had back in 2000, in our view, in the view of the markets generally is, that you know, a romney victory would be a great event at least in the near term for risk assets which would be the detriment of fixed income and treasurys. money would flow out of safe haven fixed...
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Dec 22, 2012
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gerri: many owners turned over their properties this year ahead of the fiscal cliff. some buyers have been able to dig deep discounts this year. my next guest says that its fast tracked like never before. dolly lintz joins me now. what is it about the fiscal cliff that is making people act so quickly? >> if you think about it, some sellers have purchase prices that they pay 20 by the years four. they are selling for six or eight or 12 million. think about tha. gerri: holy cow. >> if the bush tax cuts are over and taxes go back from imagine the difference in the tax rate. it is hungous. gerri: we talk about people rushing to the year-end, what other kind of impact does that have? >> it's making everyone scramble on every part of everybody. the banks from everybody trying to get ahead of everyone else to get the closing schedules. getting all the paperwk in order. gerr is every attorney throughout the country, every real estate broker -- are they running to meet this deadline? >> i'm talking about being on the phone at 2:00 a.m. and 3:00 a.m., all night. my counterparts
gerri: many owners turned over their properties this year ahead of the fiscal cliff. some buyers have been able to dig deep discounts this year. my next guest says that its fast tracked like never before. dolly lintz joins me now. what is it about the fiscal cliff that is making people act so quickly? >> if you think about it, some sellers have purchase prices that they pay 20 by the years four. they are selling for six or eight or 12 million. think about tha. gerri: holy cow. >> if...
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Aug 24, 2012
08/12
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cliff? and with weekly unemployment claims on the rise, the president still trying to make a claim that his economic plan is working. white house spokesman jay carney trying to tie the economic policy of the president's to those two former president clinton. president clinton himself showing up in a brand-new campaign advertisement, telling voters that the president's plan does need a little more time to fix the middle class. >> this is a clear choice. the republican plan is to cover taxes for income people and go back to deregulation. that's what got us in trouble in the first place. president obama has a plan to rebuild america from the ground up. investing in innovation, education and job training. it only works if there is a strong middle class. that is what happened when i was president. we need to keep going with this plan. lou: his plan and clinton's presidency. what is the problem with that logic? it is a much different time with much different circumstances, of course, and we will b
cliff? and with weekly unemployment claims on the rise, the president still trying to make a claim that his economic plan is working. white house spokesman jay carney trying to tie the economic policy of the president's to those two former president clinton. president clinton himself showing up in a brand-new campaign advertisement, telling voters that the president's plan does need a little more time to fix the middle class. >> this is a clear choice. the republican plan is to cover...
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Dec 14, 2012
12/12
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if you pay too quickly, which is what the fiscal cliff does. remember, we've never seen $600 billion out of the economy overnight. all the legislation kicks in then. you will get a very slow growth rate. in fact the growth rate will drop so much you will see that actually the debt-to-gdp ratio will probably rise after we go over the cliff, rather than drop. even with the cuts in spending. the greeks found it out. the spanish found it out. the italians found it out of the austerity is dangerous. tracy: you also know by now how congress works. well they really don't. so maybe, you know, pulling the drug from the drug addict, let them go through withdraw you will to sweat it out it is good for congress. they have no choice at that point. american people know how to handle things, we will rally back no problems and congress is taken out of the picture. >> if we go over the cliff, the first thing that will happen every american household will see take-home income go down 2%. we're going to have a very drastic cutback. i think we're both going in the
if you pay too quickly, which is what the fiscal cliff does. remember, we've never seen $600 billion out of the economy overnight. all the legislation kicks in then. you will get a very slow growth rate. in fact the growth rate will drop so much you will see that actually the debt-to-gdp ratio will probably rise after we go over the cliff, rather than drop. even with the cuts in spending. the greeks found it out. the spanish found it out. the italians found it out of the austerity is dangerous....
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Sep 19, 2012
09/12
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melissa: we're dangerously close to going over that fiscal cliff. what if anything is con congress actually doing about it? remember they are leaving town after this week. we'll talk about the plan. lori: talking about interest rates. no wonder why i'm in a good mood. melissa: you love interest rates. you're kind of a bond dork. lori: i take that as a compliment. melissa: yeah. lori: qe2 smothering the yield curve. 1.78 on the 10-year. we go out the curve, 30-year, below a three handle. more after this. >> i'm adam shapiro with your fox business brief. the rally on wall street continues in afternoon trading. the dow is up at this point roughly 36 points. apple and four major publishers are offering retailers to sell ebooks at a discount for two years to end the european union antitrust investigation. the e.u.'s antitrust watchdog starting look in apple's ebook pricing deals. news corp is parent company of heart per collins and the fox business network. >>> bill gates topped the list of one of the wealthiest people in the united states for the 12 yea
melissa: we're dangerously close to going over that fiscal cliff. what if anything is con congress actually doing about it? remember they are leaving town after this week. we'll talk about the plan. lori: talking about interest rates. no wonder why i'm in a good mood. melissa: you love interest rates. you're kind of a bond dork. lori: i take that as a compliment. melissa: yeah. lori: qe2 smothering the yield curve. 1.78 on the 10-year. we go out the curve, 30-year, below a three handle. more...
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Nov 19, 2012
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cliff scenario where all the tax rates go up, every single bracket goes up, right, are people going to spend money? that's a real question. liz: we have a guest coming up to talk exactly about that. we will ask him that question. >> yeah, and i think this clock really starts ticking after this week because that's when people start thinking how much money -- it's already ticking. listen people are blowing out of dividend stocks. let's just say president obama got everything he wanted, we avoided the fiscal cliff, he got his big tax increases, this economy still faces tremendous head winds because he wants to raise taxes to pay for -- on dividends, he wants to raise capital gains taxes to pay for obama care. there's a lot of stuff that's coming down that's hitting this country in the next year. i will tell you, if i were the average guy out there, i would watch fox business every day to make sure they kept up-to-date on this, because it's going to hit the pocketbook of everybody in a major way unless of course, you know, you're just collecting stamps from the government. if you are no
cliff scenario where all the tax rates go up, every single bracket goes up, right, are people going to spend money? that's a real question. liz: we have a guest coming up to talk exactly about that. we will ask him that question. >> yeah, and i think this clock really starts ticking after this week because that's when people start thinking how much money -- it's already ticking. listen people are blowing out of dividend stocks. let's just say president obama got everything he wanted, we...
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Dec 19, 2012
12/12
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to avoid the fiscal cliff. all right, everyone, we're back in 90 seconds with our union defender. his name is phil dine. what will he say about the california cop with that massive pension and the fight in michigan? [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and mel-free in seconds. and you...rent from national. because only national lets you choo any car in t aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason se
to avoid the fiscal cliff. all right, everyone, we're back in 90 seconds with our union defender. his name is phil dine. what will he say about the california cop with that massive pension and the fight in michigan? [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and mel-free in seconds. and you...rent from national. because only national lets you choo any car in t aisle...and go. you can even take a full-size...
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the economy certainly at a crossroads here with a fiscal cliff looming. our next guest, though, that people underestimate the positive impact we are seeing right now and housing. liz and sound are is in studio. what are we missing on housing? >> we have had a string of numbers. that factor has six years of a study drag on economy. only about 2.5% of gdp. i think people are underestimating the ripple effect to think like confidence. connell: what does it mean for the future? >> the numbers we have seen have been anemic. it is interesting to see how the conversation has turned. brian was very was on with us yesterday. he is very optimistic about the economy, usually. even he yesterday with using the recession worse than the possibility of falling back. have you completely discounted that possibility? >> no. i think it is -- the likely impact will be something less than that. when you only have 4% or so nominal gdp growth, there is not much of a question. i do think if we get a big hit as related to the fiscal cliff, i think a recession is all but inevitable
the economy certainly at a crossroads here with a fiscal cliff looming. our next guest, though, that people underestimate the positive impact we are seeing right now and housing. liz and sound are is in studio. what are we missing on housing? >> we have had a string of numbers. that factor has six years of a study drag on economy. only about 2.5% of gdp. i think people are underestimating the ripple effect to think like confidence. connell: what does it mean for the future? >> the...
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Sep 21, 2012
09/12
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going over the fiscal cliff for investors, try a 20% drop in the market according to a scenario by analysts at city research. is congress ready to leave town? no visible progress on the fiscal cliff. it could become reality. walmart announced plans to open its first tornado in the next year-and-a-half. this after the death of the indian government agreed to allow retailers to enter the country through joint ventures. that is the latest from the fox business network giving you the power to prosper. tracy: we'll closing at $92.89 a barrel. for week it was down 6%. look at this chart. it tumbled every day but today and we have that really big drop on monday that you can see in that chart. ashley: the job act signed into law by president obama in april makes easier for small companies to grow and eventually go public about my next guest says the fcc is threatening this purpose by implementing a necessary and bureaucratic rules. joining mass is the ceo of tech shot. one provision of the job act was to pass a general solicitation and advertising which attacks investor capital. the ban was lifted
going over the fiscal cliff for investors, try a 20% drop in the market according to a scenario by analysts at city research. is congress ready to leave town? no visible progress on the fiscal cliff. it could become reality. walmart announced plans to open its first tornado in the next year-and-a-half. this after the death of the indian government agreed to allow retailers to enter the country through joint ventures. that is the latest from the fox business network giving you the power to...
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goes over the fiscal cliff. liz: that's important breaking news. the ratings agencies which already some of them downgraded us a year ago august would say they would have to revisit that issue? >> that's what they are saying. it would be pressured is their terminology. the headlines just crossing right now. boeing bucking the down trend just quickly first year they are on pace to outsell rival airbus out of europe since 06. liz: that's big news. hey, thank you very much. let's look at it, boeing here year to date. it's been flat to slightly higher, choppy trading. one thing for sure, healthcare, you know, we're watching this very closely because the affordable healthcare act with president obama still in power looks to be sitting tight and staying there, not being repealed. let's get to alex. he is the morningstar healthcare analyst director. this reelection of the president means that it stays. what does that mean -- what does that mean for healthcare sector? it can be chopped up into sub sectors. >> it is here to stay, as you pointed out. and jud
goes over the fiscal cliff. liz: that's important breaking news. the ratings agencies which already some of them downgraded us a year ago august would say they would have to revisit that issue? >> that's what they are saying. it would be pressured is their terminology. the headlines just crossing right now. boeing bucking the down trend just quickly first year they are on pace to outsell rival airbus out of europe since 06. liz: that's big news. hey, thank you very much. let's look at it,...
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you and i are going to have a big fiscal cliff discussion a couple of weeks. thank you very much, good to have you on the show. >> thank you. dennis: we're joined by "wall street journal" executive washington editor. the rate went up, good or bad for the president? >> this is good for president obama. about as good as he could have hoped for. almost 50,000 higher than most people were expecting. the pickup came for the right reason, some other people into the workforce. it is not a great number, it is a good number and it will help the president create a closing argument in which he can say the numbers have been good for several months, you heard him say that on peter's taste and it is going in the right direction. on the other hand mitt romney will say essentially if people were more enthused, in the workforce, this number of unemployment would be closer to 9.6% which is an estimate i saw somewhere earlier today. dennis: we are at 7.9 now. let's make him and ran for reelection was 7.8%, jimmy carter beaten in '76. can obama defy that trend? spea>> the other w
you and i are going to have a big fiscal cliff discussion a couple of weeks. thank you very much, good to have you on the show. >> thank you. dennis: we're joined by "wall street journal" executive washington editor. the rate went up, good or bad for the president? >> this is good for president obama. about as good as he could have hoped for. almost 50,000 higher than most people were expecting. the pickup came for the right reason, some other people into the workforce. it...
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ashley: fiscal cliff? >> they are scared of the fiscal cliff. when you talk to guys that track is, grant thornton, pricewaterhousecoopers, these guys file at individual rates. worried about the rates going up. watching to the ipo market. these are guys who come to the ipo market and go public. we're seeing trend, 168 ipos. coming down to 134 this year. are we stalling out a little bit? is this another recessionary sign? it could be. that is the bottom line. ashley: thanks, emac. >> sure, delighted. ashley: thank you. tracy: all right. we were talking about this earlier. so if you're worried about $4 gas, just be happy you don't live in california. prices have soared 35 cents in the past week. a gallon of regular gas in the golden state now costs nearly $4.50. that is close to the state's record high of $4.61. we hit that back in 2008. it is also 70 cents higher than the national average which sits at around $3.79 a gallon now. this might not be the end. analysts say prices could go higher because refinery outages and pipeline problems are leavin
ashley: fiscal cliff? >> they are scared of the fiscal cliff. when you talk to guys that track is, grant thornton, pricewaterhousecoopers, these guys file at individual rates. worried about the rates going up. watching to the ipo market. these are guys who come to the ipo market and go public. we're seeing trend, 168 ipos. coming down to 134 this year. are we stalling out a little bit? is this another recessionary sign? it could be. that is the bottom line. ashley: thanks, emac. >>...
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98
Nov 28, 2012
11/12
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FBC
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the money they're paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 companies that have done much of the same. paying out dividends so you can pay less taxes. melissa: thank you so much. lori: so thoughtful of the company. president obama invited middle-class americans to the white house to showcase those would be most affected a certain tax cuts are not extended. peter barnes live at the white house. >> 85 middle-class taxpayers joining the president at this event part of a pr push to drive them to extend tax cuts for middle-class taxpayers let them expire for wealthier taxpayers. take a listen. >> optimistically i don't think we will get it done tomorrow. but if everybody here goes out of their way to make their voices heard and spread the word to your friends and families and coworkers and neighbors, i am thoughtfudoubtful that we will t done. >> the president meeting with 14 ceos, second such meeting in the last two weeks including the ceos of yahoo, merck, coca-cola and at&t. and lloyd gl
the money they're paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 companies that have done much of the same. paying out dividends so you can pay less taxes. melissa: thank you so much. lori: so thoughtful of the company. president obama invited middle-class americans to the white house to showcase those would be most affected a certain tax cuts are not extended. peter barnes live at the white house....
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138
Dec 27, 2012
12/12
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it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail federation had projected holiday sales would go up about 4.1%. adam: yep. >> that is some growth but it is nowhere near the 5.6% we s
it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being...